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Danish medical cannabis company looking to bring its unique cannabis oil to Canada

Danish medical cannabis company looking to bring its unique cannabis oil to Canada

Danish pharmaceutical company Stenocare says it is exploring opportunities to expand its medical cannabis platform into the Canadian market. 

The company, founded in 2017, manufactures cannabis oil for the Danish, Swedish, Norwegian, German, British, and Australian markets. 

Although it is light on the details, in a press release, the company says it is currently working with “a network of expert partners from the Canadian cannabis industry” and exploring different models and sales channels, with a goal of signing a commercial agreement to bring it’s “Astrum” cannabis oil to Canada in Q3 or Q4 2024. 

Those Canadian partners, continues the press release, have experience with patient support and onboarding programs, navigating insurance claims for medical cannabis reimbursements, and developing and managing what it calls “disease-specific treatment plans.”

Stenocare says that its Astrum cannabis oil uses a specific oil technology that significantly “improves the bioavailability in the patient’s blood” to help better secure consistent uptake of the active ingredients into the bloodstream compared to more traditional MCT-based cannabis oils. The oil was developed in partnership with a Danish pharma company. 

The company says it has completed a pharmacokinetic study in dogs that documented two parameters in the lymphatic system that can improve the treatment effect. According to that study, Stenocare’s own cannabis oil formulation improves uptake in the blood and decreases onset time from several hours to just one hour. 

“We see Canada as an interesting opportunity for Stenocare and our innovative patented Astrum oil product,” says Thomas Skovlund Schnegelsberg, CEO of Stenocare. “The Canadian market has had limited innovation within the medical cannabis space, and Stenocare has the potential to attract users that are in search of higher bioavailability with the product. With our local network of industry experts, we are currently exploring several interesting avenues for our entry into the Canadian market. We hope to enter into a commercial agreement with a local sales channel during 2H 2024”. 

In November 2021, Stenocare announced a supply agreement with Canadian cannabis producer AgMedica Bioscience Inc. In 2022, Stenocare and AgMedica also announced they were the first supplier of oil-based medical cannabis products in Norway “with a portfolio of three full spectrum medical cannabis oil products from the GMP certified Canadian supplier, AgMedica Bioscience.” AgMedica also sells under the Vertical Cannabis brand in Canada.

Stenocare is a publicly traded company. The company reported a CAD$3.5 million loss for the year in 2023. In 2019, the company had to terminate an agreement with CannTrust following the latter’s licence suspension.

Registrations under Canada’s cannabis for medical purposes access program continue to decline in the wake of legalization, with about 5,000 fewer medical client registrations and 1,200 fewer registrations for personal and designated cultivation. Registrations have been declining month over month since a peak in late 2020. 


Navigating cybersecurity in the cannabis industry with the CEO of SideChannel

Navigating cybersecurity in the cannabis industry with the CEO of SideChannel

However, the intangible nature of the logical plane often leads to a lack of seriousness about cybersecurity.

“Since the 80s, the problem with cybersecurity is that people can’t touch it, so they don’t think about it as much,” Haugli explains. This complacency is evident in the staggering statistic that four out of five Americans have had their identities stolen, yet many remain indifferent, relying on companies’ assurances and temporary fixes like identity monitoring.

Operational technologies in manufacturing and cannabis

Manufacturing, including cannabis cultivation, has shifted dramatically from manual operations to technology-driven processes. “Years ago, most manufacturing and agricultural operations were manual. Now, there’s a big push towards IoT – the internet of things – and OT – operational technologies,” he says. These technologies integrate computer systems into traditional hardware, streamlining operations but also introducing new vulnerabilities.

Initially, OT environments were isolated from corporate IT networks, maintaining a physical separation that safeguarded them. “They followed the Purdue model, a traditional security model for OT,” Haugli elaborates. However, the demand for data integration and efficiency led to the collapse of these barriers, creating “big flat networks” that are more susceptible to cyberattacks.

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Cybersecurity revolves around a triad: confidentiality, integrity, and availability.

“In the IT world, confidentiality is the priority, followed by integrity and then availability,” says Haugli. However, in OT, especially in sectors like cannabis, the priorities shift. “It’s availability first, then integrity, and confidentiality is often an afterthought.”

The expert underscores the importance of availability in OT: “Anything that affects time immediately impacts revenue.” This is particularly crucial in cannabis cultivation, where timing is everything and a disruption can have significant financial repercussions.

Emerging threats and industrial espionage

The global embrace of technology has also introduced new threats from economic competitors and cybercriminals. Countries that predominantly speak Russian and Chinese may use cyber attacks to either stop operations or corrupt data in the West. Cannabis companies, like many tech startups, often prioritize growth over security. “They are in a grow-at-all-costs mode,”says Haugli. This mindset, while understandable, can be perilous.

“I’ve seen clients who have rolled the dice for generations without a problem, but now they’re waking up to the reality of cyber threats.”

Haugli highlights the structured nature of cybercriminal organizations. “Most hackers run systems that scan for vulnerabilities and exploit them for a high ROI. They operate like businesses, with HR, payroll, and quotas.” These criminal enterprises launch attacks, often timed to coincide with weekends, to maximize disruption while monitoring the impact only after the fact.

“Ransomware is prevalent,” he notes, describing the triple extortion model: locking down systems, stealing data, and threatening to sell it if the ransom isn’t paid. This sophisticated approach underscores the importance of robust cybersecurity measures.

Building a cybersecurity program

Effective cybersecurity begins with a clear understanding of what needs protection. “You can’t protect what you don’t know exists,” Haugli advises. Companies must assess their technology, identify vulnerabilities, and develop a roadmap to achieve their security goals. This involves not only technological solutions but also cultural and procedural changes within the organization.

“Security comes down to making sure that people can’t disrupt operations, whether by chance or intent.” This includes safeguarding against insider threats, where disgruntled employees or corporate espionage can pose significant risks.

As the cannabis industry continues to expand, the integration of technology presents both opportunities and challenges. Cybersecurity must be a priority, with companies adopting comprehensive strategies to protect their operations. SideChannel’s CEO Brian Haugli provides a roadmap for navigating the complex landscape, emphasizing that while the challenges are significant, they are not insurmountable with the right approach.

By understanding the unique cybersecurity needs of the cannabis sector and implementing proactive measures, companies can safeguard their growth and ensure their place in the market.

The Experience of Transcendence

The Experience of Transcendence

The Experience of Transcendence

“Life is the lie we delude ourselves with to evade our soul.”

A Vision of Transcendence

We are eternal beings.  Yet, we rarely embody our existence as a soul, or as an expression of the universe.  Beyond our body and mind is our heart center, a torus of universality resonating omnidimensional energy.  It synergizes with our intuition, our soul and the universe.  Our soul and the universe are one.  We chose to be born into this three-dimensional paradigm for the purpose of intimating and relating with our soul as a human being.  Becoming its fulfilled expression is our common destiny.  We all have the opportunity for universality.  However, transcendence is often feigned as a spiritual fantasy.

Dream a Little Dream

In the phases of our maturity, well before we establish our universal acuity for awareness, consciousness, experience, expression, transformation and transcendence, we are institutionalized with amusement, education, ideology, heredity, politics, religion and science.  In adulthood, our exodus from our soul is complete.  We get a degree, a job, a spouse, kids, houses and cars; then we socialize, work, vacation, retire, age and die. Inevitably, we lay on our death bed regretting all the things we have not achieved.  This is the vicious cycle of humanity.  Being a victim of social reality instead of an expression of universality.

Humanity Knows Best

We believe we know what is best for us.  Yet, our intentions are focused more on our comfortability and convenience rather than our evolution and fulfillment.  We are always endorsing our limitations to ourselves and others, instead of crossing the self-imposed boundaries of our fear, indifference, insecurity and self-righteousness.  We execute our ordinary lifestyles with apathy, dread and obligation; thus, invoking our existence with the gravity of our controlled, selective reality.  We live our fixed way of life with entitled defiance, proliferating our suffering like a badge of honor to anyone who will enable the vanity of our agony.

The Reality of Artificiality

Social reality is not excruciating to endure.  It is our individual interpretation of and relativity with its “realism” that provokes our deepest fears.  We are programmed, via our institutionalization, to adopt and enact filters of perception, based on external opinion, which establishes our personal deception.  We do not trust ourselves. Therefore, we do not trust others, our soul or the universe.  Many “profess” to be spiritual, yet few choose to fulfill their unique destiny as the embodiment of its expression.  The true watermark of this is how we empower ourselves with our soul, thus transforming our environment.  The reality in which we exist is an elaborate virtuality of artificiality.

“We are automatons in a projected simulation.”

The Slavery of Social Reality

The universal energy empowering us to evolve, transform and transcend is always leaving us.  We constantly sacrifice our universality when the focus of our attention is engaged in external circumstances and environments beyond our control.  Eventually, it becomes a daily ritual to surrender our personal power to others because we have adopted an erroneous understanding that personal accountability, integrity and vulnerability are equivalent to death.  The lie we live is not one imposed on us by authoritarian sociopaths, it is of our own device.  Only we have the power to sentence ourselves to enslavement in social reality.

The Social Vortex

Social reality is a simulation, a holographic film projected onto a three-dimensional screen.  Most of us are seated in the audience, watching the action, comedy, drama, horror, narratives, politics, opinions, science fiction and war transpire like a weekly documentary.  Often, we walk away from it as empty as the engineered storylines provoking our emotionality.  Then, we debate each other to prove our intelligence, priding ourselves on our proficiency in banter and banality.  We transmute ourselves from omnidimensional souls into social vortices, stealing artificial power from each other to bolster our selective oblivion with our egocentric vanity.

Reclamation Project

We all sacrifice our souls upon the social altars of accumulation, amusement, apathy, conflict, conformity, consumption, excess, ideology, materiality, oblivion, security, success and vanity.  We all acquiesce our personal power to authoritarian entities and organizations because we fail to evolve, transform and transcend.  Our engagement in our environment is our enslavement.  For most, our dependence on society is near absolute, tethering us to the vicious cycles of our individual oblivion.  Withdrawing our engagement from the projection of reality is essential in reclaiming our relativity with our soul and the universe.

An Age of Awakening

We all get lost in the expectations and possibilities of how our awakening may evolve.  Universality transcends the triviality of our virtuality.  Each person has their own unique experience and expression with their soul.  The articles I have written on this topic have been intentionally obscure and vague. I do not know or understand what your awakening will be.  This is something we all need to establish for ourselves.  I have expressed clever ways to empower creativity, consciousness, evolution, transformation, transcendence and universality.  Yet, as the last quote in the previous article declared, “WAKE UP!”

The Stand for Consciousness

Information is not consciousness.  Neither is life.  They are finite statistics that confirm or deny our human existence.  Consciousness is a profoundly intimate experience, empowered by our expression of being.  It flows through us as universality, creating our unique, energetic resonance.  Much as perception and truth, no two souls are the same.  When we are influenced and impacted by the malevolent imposition of social reality, we will never become an expression of universality.  In this hostile paradigm of endless toxicity, our stand for personal transcendence empowers our universal experience.

The Experience of Transcendence

We are not even present to reality, let alone our truth.  We exist within a fantasy, engineered to segregate us from our soul.  Our engagement in social reality severs our relativity with the universe.  Universality is the omnidimensional energy our soul conveys to empower our transcendence.  Our intuition receives and conducts it through the centers of our being, into the energetic torus of our heart.  The mind and body are merely instruments to express universality as our unique way of being.  When we align, balance and center within, this equilibrium creates the energetic resonance essential to experience transcendence.

“Transcendence is the pathway to universality.”   

420 with CNW — Slumping Marijuana Market in Colorado Triggers Industry Concern

420 with CNW — Slumping Marijuana Market in Colorado Triggers Industry Concern

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In 2014, a Denver-based cannabis dispensary, 3D Cannabis, made history as the first seller of legal marijuana. Over a decade later, the dispensary bears a sign saying it is “temporarily closed,” with the building’s doors and windows boarded up and the parking lot strewn with trash, symbolizing the challenges facing Colorado’s marijuana market.

Once a thriving success, the industry is now marked by failed entities and struggling entrepreneurs due to regulatory challenges, market saturation and increased competition from neighboring states.

The market’s sales peaked in 2020 at $2.2 billion. But by 2023, revenues had fallen to $1.5 billion, which led to restructuring, closures and layoffs. The decrease has also affected state finances; in the most recent fiscal year, Colorado’s marijuana tax receipts dropped significantly to $282 million from prior years.

Several factors have contributed to the industry’s struggles. An oversupply of cannabis following the pandemic caused prices to drop sharply. The rise of cheap, unregulated hemp-derived products added further pressure. Additionally, the federal illegality of marijuana means operators face high taxes and costly rules.

However, the primary challenge has been the rapid spread of legalization across the country, with neighboring states such as Arizona and New Mexico now having their own legal cannabis markets and disrupting Colorado dispensaries, particularly those near the southern border. Tourists who previously flocked to Colorado for legal marijuana now have closer options, and even Texans are finding satisfying alternatives in hemp products available locally.

While some business owners have managed to survive by adapting, many have closed or moved to other states. The number of marijuana licenses in Colorado decreased by more than 16%, similar to the number of marijuana jobs, marking the second consecutive year of employment losses.

Maggie’s Farm, a retailer in southern Colorado, is one prominent example: out of its eight dispensaries, five are closed. Similarly, one of the biggest marijuana companies in the United States, Curaleaf, stated in January of last year that it was closing its cultivation and production facilities in Colorado.

In 2020, the pandemic helped the state’s cannabis industry at first since more people were staying at home and making more purchases, thanks to stimulus checks. However, as the pandemic’s dynamics shifted, the rush to expand cannabis production resulted in a glut of supply, causing prices to drop from nearly $1,700 a pound to about $700 a pound.

Companies such as Veritas Fine Marijuana, a wholesale grower, initially expanded their production but later had to downsize and change their cultivation methods to stay competitive. At its peak, Veritas employed 144 people; currently, it has only 21 employees.

Native Roots, another significant player, experienced similar challenges. Its Mothership growth facility in Denver used to produce around 32,000 pounds of cannabis annually but had to cut production by half by mid-2023. The company is cautiously increasing production again while closely monitoring market conditions. Native Roots benefits from having 21 dispensaries across the state, helping it weather the downturn better than some competitors.

Moreover, states compete on regulations, further complicating the market. New Mexico, for instance, allows adults to purchase up to two ounces of marijuana, double Colorado’s limit. Additionally, edibles in New Mexico can contain higher dosages. These higher limits attract residents from states without legal weed, who previously traveled to Colorado.

Despite the industry’s struggles, Colorado’s early legalization has produced successful entrepreneurs who have expanded beyond Colorado’s borders. Nancy Whiteman, for instance, founded Wana in 2010, focusing on marijuana-infused edibles. Wana has grown significantly, with operations in 17 states and Puerto Rico, and plans to enter the European market. Whiteman’s success culminated in a lucrative deal with Canopy Growth, a major Canadian cannabis producer valued at $350 million.

Major marijuana entities such as Tilray Brands Inc. (NASDAQ: TLRY) (TSX: TLRY) could be assessing the changing market dynamics and planning their future strategic direction in order to remain at the top.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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Tens of thousands of Marylanders receive pardons for marijuana convictions

Tens of thousands of Marylanders receive pardons for marijuana convictions

By Brian Witte

ANNAPOLIS, Md. (AP) — Maryland Gov. Wes Moore ordered more than 175,000 pardons for marijuana convictions on Monday, saying the “most sweeping state-level pardon in any state” will help reverse harms from the past caused by the war on drugs.

During a news conference, Moore said the executive order will affect “tens of thousands of Marylanders” convicted of misdemeanors. Some may have had more than one conviction pardoned through the process.

“We are taking actions that are intentional, that are sweeping and unapologetic, and this is the largest such action in our nation’s history,” Moore, a Democrat, said.

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Though the pardons will not result in anyone being released from incarceration — and nor will they result in having past convictions automatically expunged from a person’s background check — advocates praised the move as a way of removing barriers to housing, employment, or educational opportunities based on convictions for conduct that is no longer illegal.

Heather Warnken, executive director of the University of Baltimore School of Law Center for Criminal Justice Reform. described the pardons as “a win for thousands of Marylanders getting a fresh start to pursue education, employment, and other forms of economic opportunity without the stain of a criminal conviction.”

Recreational cannabis was legalized in Maryland in 2023 after voters approved a constitutional amendment in 2022 with 67% of the vote. Maryland decriminalized possession of personal use amounts of cannabis on Jan. 1, 2023. Now, 24 states and the District of Columbia have legalized recreational cannabis.

“This is about changing how both government and society view those who have been walled off from opportunity because of broken and uneven policies,” Moore said.

Moore said “legalization does not turn back the clock on decades of harm that was caused by this war on drugs.”

He continued: “It doesn’t erase the fact that Black Marylanders were three times more likely to be arrested for cannabis than white Marylanders before legalization. It doesn’t erase the fact that having a conviction on your record means a harder time with everything, everything, from housing, to employment to education.”

Shiloh Jordan, who lost his job on his second day at work after a minor cannabis conviction appeared in a background check by his employer, attended the news conference. Moore noted that even though Jordan went back to college and now works for the Center for Urban Families in Baltimore, he still had the cannabisconviction on his record.

“Well today, that ends,” Moore said.

Jordan said he was thankful that his experience could be used as a testimony “and offer a lot of change for the people of Maryland.”

“It means a lot, because I know a lot of people that have been convicted for petty cannabis charges, and it really affected their whole way of life and their whole way of thinking,” Jordan said.

Maryland Attorney General Anthony Brown, who attended the news conference, said the action was “long overdue.”

“As a nation, we have taken far too long to correct the injustices of a system that is supposed to be just for all.”

The attorney general also noted the magnitude of the governor’s actions, and he said it was about equity.

“It’s about racial justice. While the order applies to all who meet its criteria the impact is a triumphant victory for African Americans and other Marylanders of color who were disproportionately arrested, convicted and sentenced for actions yesterday that are lawful today.”

More than 150,000 misdemeanor convictions for simple possession of cannabis will be affected by the order, which also will cover more than 18,000 misdemeanor convictions for use or possession with intent to use drug paraphernalia, according to a summary by the governor’s office.

Now that Moore has ordered the pardons, the Maryland Judiciary will ensure each individual electronic docket is updated with an entry indicating the conviction has been pardoned by the governor, a process that should take about two weeks, the governor’s office said.

The governor’s order also directs the state corrections department to develop a process to indicate a pardon in an individual’s criminal record, a process expected to take about 10 months to complete.

The pardons absolve people from the guilt of a criminal offense, and individuals do not need to take any action to receive the pardon.

A pardon is different from an expungement. Although the Judiciary will make a note on the record that the offense has been pardoned, it will still show on the record. Expungement is a process that lets a person ask the court to remove certain kinds of court and police records from public view.

Avicanna to Present at the Life Science Investor Forum June 20th, 2024

Avicanna to Present at the Life Science Investor Forum June 20th, 2024

Published: June 19, 2024

Avicanna Inc., a biopharmaceutical company focused on the development, manufacturing, and commercialization of plant-derived cannabinoid-based products is pleased to announce Aras Azadian CEO of Avicanna will be delivering a presentation live at the Life Science Investor Forum with Virtual Investor Conference hosted by VirtualInvestorConferences.com on June 20, 2024.

Aras Azadian will provide a corporate update on Avicanna and will then also be joined by Brad Sorensen, senior equity research analyst with Zacks Small-Cap research for a fire-side chat. This will be a live, interactive online event where attendees have the opportunity to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

DATE: June 20th 2024
TIME: 12:00pm EST
LINK: https://bit.ly/3yznnKX

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates. Learn more about the event at www.virtualinvestorconferences.com.

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About Avicanna Inc.

Avicanna is a commercial-stage international biopharmaceutical company focused on the advancement and commercialization of cannabinoid-based products and formulations for the global medical and pharmaceutical market segments. Avicanna has an established scientific platform including R&D and clinical development leading to the commercialization of more than thirty proprietary, evidence-based finished products and supporting four commercial stage business pillars.

Christina Lake Cannabis Announces Filing of Audited Financial Statements

Christina Lake Cannabis Announces Filing of Audited Financial Statements

Published: June 19, 2024

Christina Lake Cannabis Corp. is pleased to confirm that further to its news releases dated April 3, 2024April 17, 2024May 1, 2024May 15, 2024May 29, 2024 and June 3, 2024, the Company has filed on SEDAR its audited financial statements, accompanying management discussion and analysis and related CEO and CFO certifications for the year ended November 30, 2023 (the “Annual Filings”). The Annual Filings can be obtained on the Company’s SEDAR profile at www.sedarplus.ca.

As a consequence of the Annual Filings, the Company expects that the management cease trade order formerly granted on April 3, 2024, by applicable securities regulatory authorities, will be revoked and that directors and officers of the Company will be permitted to trade securities of the Company.

The Company wants to thank all of those who worked diligently in assisting with the finalization of the Annual Filings. The Company expects to file its interim financial statements for the period ended February 28, 2024 by no later than June 24, 2024 (the “Interim Filings”).

About CLC
Christina Lake Cannabis is a licensed producer of cannabis under the Cannabis Act. It has secured a standard cultivation license and corresponding processing amendment from Health Canada (March 2020 and August 2020, respectively) as well as a research and development license (early 2020). Christina Lake Cannabis’ facility consists of a 32-acre property, which includes over 950,000 square feet of outdoor grow space, offices, propagation and drying rooms, research facilities, and a facility dedicated to processing and extraction. Christina Lake Cannabis also owns a 99-acre plot of land adjoining its principal site. CLC focuses its production on creating high quality extracts and distillate for its B2B client base with proprietary strains specifically developed for outdoor cultivation to enhance extraction quality. For more information about CLC, please visit: www.christinalakecannabis.com

BDSA Increases Speed and Depth of Cannabis Industry Insights with Launch of Daily Enhanced Retail Sales Tracking

BDSA Increases Speed and Depth of Cannabis Industry Insights with Launch of Daily Enhanced Retail Sales Tracking

BDSA, the leading provider of market intelligence for the cannabis industry, today announced an update to its industry-leading product suite, offering daily data at a more granular level than ever before. With this update, users can swiftly analyze data on pricing, market share, trends, brand volume, products and detailed product attributes across 15 markets and counting, allowing them to keep pace with the dynamic cannabis industry.

This new publishing cadence and updated data will be available starting July 2, and existing BDSA clients will receive the update automatically as part of their current subscriptions. BDSA provides actionable, timely and accurate insights for brands, retailers, investors and other cannabis industry leaders. This daily data enables BDSA’s clients to answer critical business questions around pricing, performance tracking, competitive set evaluation, innovation planning, expansion strategies and investment opportunities.

“BDSA has spent years perfecting a methodology that prioritizes both speed and accuracy,” said Leah Spokojny, chief revenue officer of BDSA. “We refused to compromise on either, and we are thrilled to offer our clients a reliable source for cannabis trends and sales detail on a daily basis.”

BDSA’s updated Retail Sales Tracking product provides a variety of new features, including:

  • Insight into both menu listed and retail sell-through pricing, providing a comprehensive understanding of the pricing and discounting landscape and enabling the development of competitive pricing strategies that maximize return on investment.
  • Evaluation of brand and product performance, offering visibility into how pricing, sales volume, availability, markup, basket size and velocity intersect to diagnose opportunities and maximize market success.
  • Enhanced basket analytics available on a daily basis, revealing consumer purchasing patterns including frequently purchased product combinations, which will help brands set and evaluate promotional efforts.

“We are very excited to hear about the changes BDSA will be implementing to see more accurate data sets faster,” said Kyle Webb, VP of marketing, Timeless. “These improvements will help us to keep a better pulse on our business and make responsive pivots as needed.”

BDSA’s Retail Sales Tracking provides up-to-date market performance across BDSA’s 15 tracked U.S. markets (Ariz., Calif., Colo., Fla., Ill., Mass., Md., Mich., Mo., N.J., Nev., N.Y., Ohio, Ore. and Pa.).

About BDSA
Headquartered in Louisville, Colorado, BDSA helps businesses improve revenues, reduce innovation risk and prioritize market expansion with accurate and actionable cannabis market intelligence, consumer research and advisory services. The company provides a holistic understanding of the cannabis market by generating insights from point-of-sale data, consumer research and market forecasts. To learn more, please visit bdsa.com.

Study Suggests Psychedelics Reduce Fear of Death by Impacting Metaphysical Beliefs

Study Suggests Psychedelics Reduce Fear of Death by Impacting Metaphysical Beliefs

Therapeutic interest in psychedelics has grown as researchers learn more about the potential of these substances to manage the symptoms of different mental-health conditions and improve the well-being of individuals. Now, new research has determined that psychedelic experiences can cause a decrease in death anxiety, possibly by changing a person’s metaphysical beliefs. This discovery creates new approaches for understanding how these substances may help people deal with existential fears.

For their study, researchers focused on determining if changes in core beliefs on consciousness and the nature of reality could be a key factor in decreasing death anxiety after psychedelics were administered. The researchers recruited 155 participants who had experienced psychedelic trips that they felt had amended their anxieties or attitudes about death. All participants were required to be fluent in English, be at least 18 years of age, and have experience with at least one classic psychedelic, such as DMT, LSD, ayahuasca, mescaline or psilocybin.

The participants were all recruited via social media and online platforms, centering on groups specific to psychedelics.

Each participant was required to complete an anonymous online poll, where they gave details about their use of psychedelics as well as their most significant experience with the drugs. In addition to this, they were asked questions on their attitudes and beliefs about death three months prior to and three months after their psychedelic experiences.

The researchers determined that a total of 81 participants reported a reduction in their anxiety regarding death, as indicated by a negative change score, while 57 participants reported an increase, as indicated by a positive change score. Additionally, 17 participants reported no change.

Participants also demonstrated a considerable overall increase in beliefs that focused on the separation of body and mind, particularly beliefs on nonnaturalism and the existence of another realm apart from the physical.

One important finding was the correlation between changes in the belief that consciousness is a basic quality of all things in the universe and changes in death anxiety. This suggests that believing that consciousness extends beyond physical death may help reduce fears of death.

The research did have some limitations, however, including its cross-sectional model, which limited the ability to establish causal relationships between changes in metaphysical beliefs, psychedelic experiences and a drop in death anxiety.

The retrospective nature of the study was also a limitation because it meant that the recall accuracy of the participants could be biased by their present attitudes and beliefs.

The research was authored by Sam G. Moreton, Kayla J. Giese and Noah N. Barr. Its findings were reported in “Death Studies.”

Many enterprises like atai Life Sciences N.V. (NASDAQ: ATAI) are conducting psychedelic drug development programs. As these efforts advance, more information could become available about the effects that different psychedelics can have on people’s health and wellness.

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Indigenous History Month focus: Indigenous cannabis news

Indigenous History Month focus: Indigenous cannabis news

As the cannabis industry matures, Indigenous peoples, our businesses, communities, and equity opportunities are increasingly involved and impacting it.

This review of StratCann news spotlights Indigenous voices in both the successes and disputes, which are being heard loudly and clearly. Regardless of the outcome, the recognition of Indigenous peoples in the Canadian cannabis industry is stronger than ever.

“In the budding landscape of Canada’s cannabis industry, the anticipation grows like the roots of a resilient plant, as Indigenous communities are poised to be welcomed and embraced, cultivating a future where our knowledge and presence flourish.”

Kesean J Kanha, CEO & Creative Director of Cree Cannabis Company and Reekie’s Coffee

Wab Kinew’s influence on cannabis progression in Manitoba

Eight months after his swearing-in, Wab Kinew and his NDP government approved a change in Manitoba’s provincial legislation to allow its residents to grow from home

The repeal’s response has been incredibly supported. Kirk Tousaw, one of Toba Grows’ lawyers working hard alongside advocate Jesse Lavoie and the Toba Grown team, shared his perspective, saying, “Premier Kinew’s decision to end Manitoba’s ban on cannabis home gardening was one of the first times since legalization that a legislature has made progressive changes to cannabis policy. Manitobans should be very pleased to have a government that responds to bad laws by fixing them.” 

Previously, Melanie Bekevich, owner of Mistik Cannabis Co. and Peace Pipe Cannabis Co., operating in Alberta and Manitoba, shared her team’s enthusiasm at ‘this historical win the government actioned.’ The winner of the GrowUp 2024 Award for Indigenous Retailer of the Year continued to share, stating, “We know this government will work meaningfully with the industry as we work towards a stable and thriving industry. Lifting the ban on homegrown cannabis was a common sense move that aligns Manitoba with the rest of the country.” 

Red market controversies

Yes, there are the well-recognized ‘illicit’ and legal markets. Still, somewhere in between reservations, band treaties, and sovereign land claims, there is another market operating within what many claim are the laws of the Indian Act (which many Canadian Indigenous peoples refer to as “the red market”). While the debate of sovereign land and its cannabis legalities has continued for years, it is essential to note there are vast differences in treaties between sovereign communities, the provincial and federal governments, and band leaders’ decisions to allow cannabis sales and operations. 

Winners of GrowUp 2024 Indigenous-Retailer of the Year Award, Othmar Joos, Owner, Mistik Cannabis Co. Melanie Bekevich, Owner, Mistik Cannabis Co.  & VP of Retail Cannabis Council of Manitoba.

In some unique cases, indigenous-run companies and First Nations Bands have had conflicts, such as in December between Indigenous Bloom and Tseycum First Nations on Vancouver Island. Indigenous Bloom signed a lease with the Tseycum First Nation Band in 2019 to operate a store on reserve land. In 2020, the First Nation took over the store and told the owners their previous agreement was invalid. As a result, the court found in favour of TFNB, citing that the Buckshee Lease signed by TFNB was void.

There are many debates and concerns about the sovereign rights of Indigenous bands and the span of their treaties that can be interpreted to allow cannabis to be sold and regulated outside of Health Canada. It is a case-by-case basis, and even in Nova Scotia, courts rejected the Millbrook First Nations Cannabis Sovereignty Argument on June 13. The judge ruled that the defendants did not provide a compelling argument for aboriginal or Treaty rights attached to their cannabis store operations and rejected charges related to the raids. 

Yet mere months earlier, New Brunswick said it can’t enforce its cannabis laws on First Nations Reserves. This and other supporting comments were made by Krist Austin, Public Safety Minister of New Brunswick, following the introduction of new legislation meant to give officers from the Department of Justice and Public Safety more power to deter illicit stores. Another recent instance was the raid by Ontario Provincial Police of three indigenous-run unlicensed cannabis stores branded as “Indigo Smoke” in March.

OCS Supports BIPOC Participants for Budtender Event 

Since its launch in 2021, The Ontario Cannabis Store’s Social Responsibility Strategy, which focuses on Black, Indigenous, and People of Color (BIPOC) individuals, has distributed $375,000 to six organizations and $319,000 to Black-led initiatives. In addition to these supporting financial initiatives, $60 million has returned to the Ontario market.

More recently, the OCS has partnered to sponsor Tether, Budtender Community, with a 5-Equity Grant program for their Ottawa Sampling Event to increase the presence and participation of Ontario-based BIPOC brands and Licensed Producers. Tether is partnering with StratCann’s Growing Relationships event series for this one-day industry event.

Katie Pringle, Tether’s CEO and Co-Founder, spoke to this milestone opportunity, stating, “We’re grateful for the support of the OCS at our milestone gathering, Tether’s Ottawa Sampling Event. Tether’s goal has always been inclusivity, encouraging both small and large brands to participate in our events with the mission to amplify diverse voices and perspectives.”

Featured image from inside All Nations cannabis farmgate store in Chilliwack, BC and on the traditional territory of Shxw;ay Village First Nation.

Author: AKB is a biracial Indigenous writer & strategy consultant based out of Kelowna, BC. you can find her on Twitter


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